When visitors come to Hockey Valley, they will experience some of the best amenities college hockey has to offer. Pegula Ice Arena features two ice surfaces: a main rink, home to Penn State's varsity hockey programs, and a community rink. The main arena seats 5,782 fans, and the community rink seats 300 fans.

The Centre County community will also be able to take advantage of the facility, which will be open approximately 360 days per year for public use. The rink features eight locker rooms, and hosts local youth hockey, university recreations, and skating programs.

The facility was brought to fruition by an initial $88 million donation - the largest in University history - from Terry and Kim Pegula, who, through their gift, helped Penn State realize its goal of Division I hockey. At the ceremonial groundbreaking on April 20, 2012, the Pegula's added $14 million to the project to lift the total donation to $102 million.